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US mortgage rates soar, reaching 21-year high

Por: 10 WBNS Nation August 18, 2023

WASHINGTON — The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan rose to 7.09% from 6.96% last week. A year ago, the rate averaged 5.13%. It’s the fourth... + full article



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